Financial Tribune - Central Bank of Iran's new forex policy has helped calm various markets in Iran, including the tumultuous mobile phone market, as reports point to a drop in prices as much as 10%.

The mobile phone market has reacted positively to the end of the government's overregulation of the forex market, as witnessed in its impact on the cellphone prices in the past 72 hours, reported ICTNA.

High-end handsets such as iPhone X have seen a 10.8% slip in their price; and the fabled Apple smartphone has come down from 148 million rials ($3,520) to 132 million rials ($3,140).

Mid-range products have also observed a similar decline in their prices. The Samsung A5's cost has eased from 30 million rials ($714) to 27 million rials ($642), down 10% from just a few days ago.